BOSTON--()--Windham Capital Management today announced that it has been selected by the Maine Public Employees Retirement System (MainePERS) to manage $250 million in Windham’s Risk Regime Investing™ strategy, a multi-asset class portfolio that dynamically adjusts exposure based on varying risk regimes through time.
Mark Kritzman, Chief Executive Officer of Windham Capital Management, said, “We’re very pleased to have this opportunity to work with MainePERS. Risk Regime Investing is a strong fit within the overall investment approach adopted by MainePERS. Our approach seeks to provide additional diversification across an investment program through distinctive opportunities to capture excess returns and offer greater protection against downside risk. As part of this mandate, Windham will act as a strategic partner providing risk management insight based on proprietary research.”
Andrew Sawyer, Chief Investment Officer of MainePERS, said, “We selected Windham because their strategy complements our existing investment approach and offers our team a unique view on the global risk environment. Windham is known as an early pioneer and thought leader in the field of risk-based investing, and we are looking forward to working with them to better inform how we manage the total fund.”
Risk Regime Investing™ uses proprietary methods to monitor the financial markets’ sensitivity to changes in levels of market turbulence and systemic risk. These measurements seek to provide an early warning signal when markets turn fragile and are key inputs to the firm’s risk measurement, portfolio construction and implementation process. This allows Windham to dynamically adjust portfolio allocations based on prevailing risk conditions.
About Windham Capital Management
Boston-based Windham Capital Management was founded in 1988 as an SEC-registered investment advisor. Windham is widely known for its pioneering research and its impact on the way institutional investors manage assets. Windham provides investment management for institutional investors, intermediaries and private clients. Armed with innovative research and proprietary risk management, Windham creates and manages portfolios and single-strategies to increase the probability of investment success in both calm and turbulent markets. Key inputs to this process are Windham’s proprietary risk measures, which reflect financial market sensitivity to changes in levels of market turbulence and seek to provide an early warning signal to fragile markets. For more information, please visit www.windhamcapital.com.